Netflix (NFLX) Debt Trading 1.3% Lower

An issue of Netflix, Inc. (NASDAQ:NFLX) bonds fell 1.3% against their face value during trading on Friday. The debt issue has a 4.875% coupon and is set to mature on April 15, 2028. The bonds in the issue are now trading at $97.75 and were trading at $96.91 one week ago. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.

A number of brokerages have issued reports on NFLX. BidaskClub lowered shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. ValuEngine raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Argus reaffirmed a “hold” rating on shares of Netflix in a report on Tuesday, January 22nd. UBS Group reaffirmed a “buy” rating and set a $420.00 price objective (up from $410.00) on shares of Netflix in a report on Friday, January 18th. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $440.00 price objective (up from $430.00) on shares of Netflix in a report on Friday, January 18th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $375.75.

NASDAQ NFLX opened at $361.46 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.98. The firm has a market cap of $157.70 billion, a price-to-earnings ratio of 134.87, a PEG ratio of 2.94 and a beta of 1.37. Netflix, Inc. has a 52 week low of $231.23 and a 52 week high of $423.21.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.21 billion. Netflix had a net margin of 7.67% and a return on equity of 25.82%. Netflix’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. Analysts predict that Netflix, Inc. will post 4.05 EPS for the current fiscal year.

In other Netflix news, CEO Reed Hastings sold 63,147 shares of Netflix stock in a transaction on Monday, December 24th. The shares were sold at an average price of $241.12, for a total transaction of $15,226,004.64. Following the completion of the transaction, the chief executive officer now directly owns 63,147 shares of the company’s stock, valued at $15,226,004.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Sweeney sold 2,569 shares of Netflix stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total transaction of $899,150.00. Following the transaction, the director now directly owns 539 shares of the company’s stock, valued at $188,650. The disclosure for this sale can be found here. Insiders have sold 197,639 shares of company stock valued at $61,581,281 over the last ninety days. 4.29% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of NFLX. Gemmer Asset Management LLC lifted its position in shares of Netflix by 12.4% during the fourth quarter. Gemmer Asset Management LLC now owns 271 shares of the Internet television network’s stock worth $73,000 after purchasing an additional 30 shares during the last quarter. Argent Trust Co lifted its position in shares of Netflix by 4.2% during the fourth quarter. Argent Trust Co now owns 748 shares of the Internet television network’s stock worth $200,000 after purchasing an additional 30 shares during the last quarter. Johnson Financial Group Inc. lifted its position in shares of Netflix by 3.9% during the fourth quarter. Johnson Financial Group Inc. now owns 800 shares of the Internet television network’s stock worth $214,000 after purchasing an additional 30 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Netflix by 59.3% during the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after purchasing an additional 35 shares during the last quarter. Finally, Reilly Financial Advisors LLC lifted its position in shares of Netflix by 5.2% during the fourth quarter. Reilly Financial Advisors LLC now owns 708 shares of the Internet television network’s stock worth $190,000 after purchasing an additional 35 shares during the last quarter. 75.08% of the stock is owned by institutional investors.

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Netflix Company Profile (NASDAQ:NFLX)

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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